HS Code:
The category under HS Code 9027.20, 9027.30, 9027.50, 9027.81, and 9027.89 pertains to instruments and apparatus for physical or chemical analysis, including chromatographs, spectrometers, instruments using optical radiations (UV, visible, IR), mass spectrometers, and other related analytical equipment. These products are critical in scientific research, industrial quality control, environmental monitoring, and medical diagnostics, facilitating precise measurements and analysis of various substances and materials.
Total Trade Volume
Approximately $25 billion USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$6.5 billion USD
26% of total trade of total trade
Increasing
$4.2 billion USD
16.8% of total trade of total trade
Stable
$3.1 billion USD
12.4% of total trade of total trade
Increasing
$2.8 billion USD
11.2% of total trade of total trade
Increasing
$1.9 billion USD
7.6% of total trade of total trade
Stable
Average Rate
3.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-US or WTO bindings)
Growing demand for environmental monitoring equipment
Increased trade in spectrometers and gas analyzers due to global focus on pollution control and climate change initiatives.
2021-2023
Advancements in mass spectrometry technology
Higher exports of precision instruments for pharmaceutical and biotech research, driving market growth in developed economies.
2020-2022
Rising adoption in medical diagnostics
Boost in trade for UV/visible spectroscopy equipment used in clinical labs, especially post-COVID-19.
2020-2023
The European Union updated its export control regime under Regulation (EU) 2021/821, impacting the trade of analytical instruments with potential dual-use applications.
September 2021
Increased documentation and compliance costs for exporters to non-EU countries, potentially slowing trade flows temporarily.
Ongoing trade disputes have led to additional tariffs and restrictions on high-tech analytical equipment between the US and China.
Mid-2022
Shift in supply chains, with some manufacturers relocating production to Southeast Asia to avoid tariffs.
Post-COVID supply chain issues and semiconductor shortages have delayed production and delivery of analytical instruments.
2021-2023
Temporary reduction in trade volumes and increased costs for end-users in research and industrial sectors.